The following balances are from the accounts of Hill Components: Direct materials used during the year amount

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The following balances are from the accounts of Hill Components:

The following balances are from the accounts of Hill Components:

Direct materials used during the year amount to $46,000, and the cost of goods sold for the year was $53,000.

Required
Find the following by completing a cost of goods sold statement:
a. Cost of direct materials purchased during the year.
b. Cost of goods manufactured during the year.
c. Total manufacturing costs incurred during theyear.

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Related Book For  book-img-for-question

Fundamentals of Cost Accounting

ISBN: 978-0077398194

3rd Edition

Authors: William Lanen, Shannon Anderson, Michael Maher

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